During the month of March we see a general pattern of a lowering or slight increase over last year during the same month, and a big increase over the prior month/Feb of 2018 in most all localities.
Here is your look at the most recent data for the entire Portland area:
- According to the RMLS Market Action Report for the Portland Metro Area, March, 2018:
- There were 3,648 New Listings in March 2018 which was up 1.2% from March of 2017’s 3,604, and up a whopping 44.2% from the previous month/Feb of 2018’s total of 2,530.
- At 2,371, March Closed Sales were down 4.9% from March 2017’s 2,494, and up a whopping 31.3% from the previous month/Feb 2018’s total of 1,806.
- March’s Pending Sales (accepted offers), at 2,894 dropped 4.9% from March of 2017’s 3,043, and increased another whopping 23.8% from the previous month/Feb 2018’s total of 2,337
- The Average Sale Price in March of $445,900 was up $17,500 from March 2017’s $428,400, and also up from February 2018’s $441,900 by $4,000.
Neighborhoods: March’s Average Sale Price + 12-month Appreciation :
- North Portland: $438,700 6.6% (Feb 418,000)
- NE Portland: $478,900 7.3% (Feb 462,400)
- SE Portland: $418,600 8.4% (Feb 418,700)
- Gresham/Troutdale: $356,400 12.0% (Feb 339,400)
- Milwaukie/Clackamas: $423,400 9.4% (Feb 406,100)
- Oregon City/Canby: $396,500 6.0% (Feb 381,200)
- Lake Oswego/West Linn:$631,100 6.1% (Feb 706,400)
- West Portland: $597,200 3.1% (Feb 602,500)
- NW Wash County: $550,200 7.5% (Feb 540,100)
- Beaverton/Aloha: $386,000 9.1% (Feb 380,500)
- Tigard/Wilsonville: $456,700 7.4% (Feb 443,600)
- Hillsboro/Forest Grove: $403,800 9.9% (Feb 384,600)